How much does a public adjuster surety bond cost in Tennessee?
Public adjusters in Tennessee are required by the Department of Commerce and Insurance to post surety bonds in the amount of $50,000. The premium for your Tennessee public adjuster bond is subject to underwriting. For this specific bond type, having financial records on hand can speed up the bonding process and potentially get you a better bond price.
With strong financial credentials, you could pay as low as $500 for the bond you need.
Complete a bond request form now or call 1 (800) 308-4358 to get started!
|Bond Type||Bond Amount||Cost by Credit Score*|
|680 and up||679 - 600||599 or lower|
|Public Adjuster Bond||$50,000||Starts at $500||$2,000-4,000||$5,000+||Apply Now|
If you’re ready to get bonded, call SuretyBonds.com at 1 (800) 308-4358 or fill out our online bond request form.
Why do I need this bond?
Tennessee public adjuster bonds hold the principal (public adjuster) fully accountable for distributing all funds received by insurance companies to the client entitled to them. If the principal violates any regulations or rules found in the Tennessee Code Annotated, Title 56, Chapter 6, the bond protects harmed parties from financial loss.
Depend on the experts at SuretyBonds.com to fulfill all of your bonding needs! Get started now!
What’s the fine print?
Tennessee public adjuster surety bonds are continuous until canceled. The surety must give the state 30 days’ notice prior to canceling the bond.
How to become a public adjuster in Tennessee
No person can legally act as a public adjuster without first acquiring a license. Individuals applying for public adjuster licenses must:
- be at least 18 years old
- live in Tennessee or be eligible for a nonresident license
- submit to a fingerprint based background check
- pass the public adjuster examination
- and more
The following must accompany the public adjuster licensing application:
- $100 filing fee
- $50,000 surety bond
- proof of financial responsibility
- proof of a $500,000 errors and omissions policy
- and more
A full list of licensing requirements can be accessed via the “Important Links” section below.
All applications must be sent to the Tennessee Department of Commerce and Insurance. A public adjuster’s license is valid for 2 years after the issuance date. The renewal fee is $100.
Ready to conduct business as a public adjuster in Tennessee? Let SuretyBonds.com issue your bond! Submit a bond request now.
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